AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

NBC losses

27th September 1974
Page 26
Page 26, 27th September 1974 — NBC losses
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

THE National Bus Company is likely to lose about £5m this year. This deficit could treble next year and cause widespread cutbacks in bus services.

NBC estimates that operating costs have risen by about 15 per cent this year and income has lagged behind with only a 10 per cent increase on I973's figure.

The company can increase its income by either putting up fares or by carrying more passengers. Both alternatives have been restricted this year — the three-day week effected the number of passengers carried and the Price Code forced the group to delay fare increases.

Tags


comments powered by Disqus